How You can Estimate the Total Value of the CompensationsUpdated on Saturday 25th February 2017
Rate this article
based on 0 reviews
based on 0 reviews
Calculating the settlement for the bodily injuries and the damages caused by an accident is an important step and one that may seem discouraging for many victims. Oftentimes, the amount needs to be estimated as close as possible to the real expenses, past and future and, if possible, even above that figure. Asking for too little during the first steps of the negotiation could prevent you from changing the amount later.
A settlement calculator is a very useful tool and many insurance companies also use this type of mechanism to project a compensation amount to their client. One of our Los Angeles personal injury attorneys can help you calculate the losses and ask for rightful compensations.
How to calculate the value of your claim?
A settlement calculator is a tool that can be used for all types of accidents, from those that result in minor physical injuries and property damages, like some vehicle accidents, to those complicated cases that require costly medical treatments like spinal cord injuries.
Estimating the total value of the compensations is made based on:
- the medical expenses, past, and future;
- the lost wages and any future income that will be lost;
- the property damage.
How much should your settlement be?
The settlement is discussed and negotiated before taking the case to court. The decision to settle or to start a personal injury trial can be a difficult one, especially if in your case you could obtain a larger amount of compensation when a judge and jury evaluate your case.
Plaintiffs might be able to avoid going to court if their case is one that allows for a straightforward negotiation and if they are fully aware of the settlement they are asking for. The losses and compensation formula that encompasses all of the losses described above is essentially a simple addition of all the expenses related to the accident. While some of them will be apparent early on, others will have to be estimated. This can be done with the help of your physician and with the help of one of the Los Angeles personal injury lawyers.
Our team of attorneys can help you throughout the negotiation phase or represent you in court. We work with our clients without asking them to pay for our services early on during the negotiations.
You can contact our Los Angeles personal injury attorneys for more information about our legal services and how we can help you claim the compensations you deserve.